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My apologies, utilizing the term "absolutely no correlation" was from a fundamentalist point of view not in the definition of mathmatics. The point that I was trying to make was that many people trade the crude vs. nat. gas relationship when the only relationship between the two is that when...

Certainly a correlation between crude oil and heating oil/gasoline which is the refining margin or crack spread is traded heavily. As stated in this thread, there is absolutely no correlation between crude and nat. gas. Nat. gas is mainly a domestic product (meaning almost no reliance on...

Staying alive is half the battle. Breaking the 58.26 level was big last week, made a new low in CL for the year. GAP Roll on CL with December expiration is $58.26. That was accomplished this morning (we filled that Dec/Jan Gap roll), and it continued to sell off to $58.00. That is...

In the long-term that market can't be manipulated, but in the short term it certainly can be manipulated. There is the "paper" which is the traders calling into the floor, and there are the "locals" or the people that have a physical presence on the floor. The locals will do whatever they...

Just a quick note that the average number of CL contracts traded between the NYMEX and ICE has been in a range of 400,000 - 750,000 contracts a day over the past few months.

CFTC on Fri (11/3) showed that the large speculators increased their net long position in nat. gas from 41,233 lots to 47,986. This indicates that they liquidated 2,958 long positions and covered 9,711 short positions. On the oil side of this report they indicated that the large specs...

My question would be what time of analysis are you going to attempt, spreads? winter strip prices? Feb outright prices? If you're looking to analyze the winter time frame that we are approaching you can chose what that same winter spread did during the month of November. For example, what...

T. Boone called the collapse of Nat. Gas at the beginning of this year. He called the move from $15 ---> $8, and when he called it everyone thought he was nuts. Little did he know MotherRock and Amaranth would push nat. gas below $5. BP Capital always trades the back end of the energy...

The front-to-back CL spread has gotten killed. 11/3's action was lead by the RBOB crack spread. It will be interesting to see if they can get the prompt CL above $60 early next week.

This is exactly right. I've worked for a boutique energy firm for 7 years now and every energy company we've come across trades. There are players out there that will buy an asset just to they can trade around it (e.g. utility, NYMEX book, etc.), and there will be highly aggressive firms...